Universal Agent (Noun)
Meaning
Someone authorized to transact every kind of business for the principal.
Classification
Nouns denoting people.
Examples
- A financial advisor acting as a universal agent can make investment decisions without needing explicit permission from the client.
- The entrepreneur appointed her trusted business partner as her universal agent to oversee all operations in her absence.
- As the manager's universal agent, the newly hired assistant was given full authority to negotiate and finalize deals.
- Being designated as a universal agent gave the lawyer significant power to act on behalf of the celebrity in all business matters.
- The elderly woman's son was granted universal agent status through a power of attorney, allowing him to manage her affairs effectively.